PTXP News

Four IPOs raised $613 million in the past week, 11% more than expected thanks to two high-growth consumer and tech IPOs. IPO investors have been discerning: two IPOs priced above the range, one yield play came in at its midpoint and one medical device company went public at the low end of the range. We...read more

PennTex Midstream Partners LP, an MLP backed by Natural Gas Partners with midstream assets contracted to Memorial Resource, raised $225 million by offering 11.3 million shares at $20, the midpoint of the $19-$21 range. PennTex Midstream Partners LP plans to list on the NASDAQ under the symbol PTXP. Citi, Barclays, RBC Capital Markets, Wells Fargo Securities, Deutsche Bank, J.P....read more

The IPO market will kick off June with four initial public offerings set to raise $550 million. The four on the calendar are each in different industries, including tech, consumer, energy and health care. This marks the third week without a biotech IPO - the longest stretch since the beginning of the year. ...read more

PennTex Midstream Partners LP, an NGP-backed MLP with midstream assets contracted to Memorial Resource, announced terms for its IPO on Tuesday. The Houston, TX-based company plans to raise $225 million by offering 11.3 million shares at a price range of $19 to $21. At the midpoint of the proposed range, PennTex Midstream Partners LP would command a market value of $800 million....read more